“We are pleased to welcome Jenn to Virginia Commonwealth Bank,” noted Robert Fleet, Senior Vice President, Residential Lending. “Jenn’s extensive experience in residential lending operations includes all the various types of loans that Virginia Commonwealth Bank offers which are Portfolio loans, Construction to Permanent, Fannie, Freddie, FHA and VA. In addition, her past leadership roles make her an excellent addition to our expanding residential lending team as we continue to build VCB’s impact throughout our service areas in Richmond, Tri-Cities, Northern Neck and the Hampton Roads area of Virginia.”

Ms. Murphy joins Virginia Commonwealth Bank with over 33 years of extensive residential lending experience and over 18 years managing a team of Underwriters, processors and closers. Ms. Murphy most recently served as Richmond Operations Manager/Underwriting Manager with Towne Bank Mortgage.

In accepting this position as Vice President, Residential Mortgage Operations, Ms. Murphy stated, “I am very excited to be working with Virginia Commonwealth Bank. VCB is developing a strong Richmond presence as well as building a presence in the Hampton Roads area. It’s rewarding to work with a truly committed community bank that places its efforts in providing excellent service to its customers.”

About Bay Banks of Virginia

Bay Banks of Virginia, Inc. is the bank holding company for Virginia Commonwealth Bank and VCB Financial Group. Founded in the 1930’s, Virginia Commonwealth Bank is headquartered in Richmond, Virginia. With eighteen banking offices located throughout the Richmond market area, the Northern Neck region, Tri-Cities area of Petersburg, Hopewell and Colonial Heights, Middlesex County and Suffolk - the bank serves businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. VCB Financial Group provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration.

For further information, contact Randal R. Greene, President and Chief Executive Officer, at 844-404-9668 or inquiries@baybanks.com.